Farmlands invests in FarmIQ Systems

Farmlands has taken a stake in farm software company FarmIQ Systems as part of a capital raising round. FarmIQ Systems joined Landcorp Farming, Silver Fern Farms Joint Ventures, and Veterinary Enterprises Group as shareholders in the company that developed and marketed software for farming and agribusiness. FarmIQ Chairman, John Quirk said the shareholding companies now represented the value chain from farm suppliers, farm consultants and farmers to processors. Mr Quirk added that the company remained open to working with any other companies which could add value to farmers through data. Farmlands Chief Executive, Peter Reidie said the investment would help Farmlands support and service its shareholders.